The Suffolk County Industrial Development Agency has given preliminary approval to $3.2 million in tax breaks for an assisted living facility planned for what is now a horse stable in Huntington Station.
The IDA’s preliminary approval, granted to McLean, Virginia-based Sunrise Development last month, calls for tax benefits over 10 years that include a sales tax exemption of up to $1.3 million on construction materials, fixtures, furnishing and other supplies for the building; $205,200 off the mortgage recording tax; and an abatement on new construction property taxes of about $1.7 million.
“The board felt it was a good investment,” IDA executive director Anthony J. Catapano said, noting the jobs to be created from the project. The $39 million project by Sunrise is expected to create 60 to 70 permanent jobs over two years, according to the company.
The Huntington Town Board approved a zone change in June that cleared the way for Sunrise to build a 77,000-square-foot facility at 300 West Hills Rd. in Huntington Station.
The zoning of the 5.7-acre parcel at Jericho Turnpike and West Hills Road was changed from a residential district to a residential health district to allow construction of a 90-unit, 136-bed assisted living facility in a two-story building.
The proposed building will include the construction of a sewage treatment plant, which would be across the street from Walt Whitman High School.
Philip Kroskin, senior vice president of real estate for Sunrise, said his company sought the tax breaks from the IDA because of an increase in construction costs since the project was first proposed, as well as additional costs for landscaping requested by the community, and improvements to South Huntington school district property, including landscaping, new sidewalks, parking lot improvements and crosswalks.
“The IDA was formed for the purpose of encouraging additional investment into Long Island,” Kroskin said. “Given the fact that we have nine buildings in Long Island and we are a significant contributor to both Nassau and Suffolk County, our opportunity was to continue to add jobs, which is part of their charter.”
With James T. Madore